Hi I just cashed in a Fund with Irish Life I've had since the SSIA. The value of the fund on the last day versus the amount I received into my account differs by a few grand. There were no exit fees. Is this tax taken at source?? I can't contact them until Monday but I'd appreciate if anyone knows?
Thank you Brendan. That explains it. Its a scandalous country we live in. I suppose I can be thankful it recovered and I'm taking a small profit. After ten years though its just scandalous.
I just received my SSIA statement also with Irish Life which I continued paying a smaller sum into monthly. On the statement its shows a 3000.00 8th year anniversary exit tax.
If i withdraw any money over the next few years do i have to pay more tax?